Government is intent on ensuring the embattled Eskom becomes a sustainable entity and will consult with its debt holders on any reorganisation, public enterprises minister Pravin Gordhan said.
Browsing: Cyril Ramaphosa
MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
South Africa’s sixth blueprint in 25 years to boost economic growth and job creation may succeed where the previous ones have failed – by being less ambitious.
Government could decide that Eskom must sell some of its coal-fired power stations as part of the restructuring of the power utility, national treasury said.
Eskom, struggling with more than R440-billion in debt, has said it will take as long as three to five years to comply with the government’s plan to split the company into three separate units.
South Africa is caught up in the global hype of the so-called fourth Industrial Revolution. This is distracting it from the unfinished business of redressing inequality and creating the preconditions for an inclusive digital economy. By Alison Gillwald.
The threat of an International Monetary Fund bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy.
President Cyril Ramaphosa is hamstrung by politics and the economy is suffering the consequences.
Removing policy uncertainty in South Africa, allocating new broadband spectrum and changing visa regulations could immediately boost the country’s flagging economy, Reserve Bank deputy governor Kuben Naidoo said.
South Africa’s biggest business lobby criticised the government’s handling of the crisis at power utility Eskom and said it was unrealistic in its approach to the country’s growing debt burden.